Lima, OH

Population: 38,355
Average annual home appreciation rate: 1.47%
Total of homes for sale in this market: 420
Median home price: $69,704
Median Rent: $640 per room
Home price range: 53.42% of homes are between $49,001 – $99,000
Median sales price: $70,000
Number of homes: 159
Median foreclosure sales price: $33,750
Foreclosure discount: 52%
Most common home type: 65.97% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.87%
Number of renters: 55.11%
Number of owner occupied: 44.89%
Number people living below poverty level: 33.88%
Unemployment rate: 6.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lima area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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